adplus-dvertising
Connect with us

Real eState

3 Top Canadian Real Estate Stocks to Buy Now! – The Motley Fool Canada

Published

 on


Real estate is one of those industries that every investor should have in their portfolios. The industry, especially residential real estate, is one of the most defensive investments you can make. That’s why owning income-generating properties is such a popular investment for so many Canadians.

While income properties can be great investments, real estate stocks offer a lot of benefits to consider. Investors can gain exposure to a portfolio of high-quality assets. They offer significant diversification and access to real estate projects with major potential.

Real estate stocks are also a lot less time-consuming. Investors will still have to do a lot of research before making the investment and keep up to date with business developments. However, they’re a lot less work than owning your own income property.

300x250x1

There are several high-quality real estate stocks, depending on what kind of investor you are. Here are three of the top Canadian real estate stocks to buy today.

A top residential real estate stock

If you’re interested in residential real estate, one of the top Canadian stocks to consider is InterRent REIT (TSX:IIP.UN).

Over the last decade, InterRent has been one of the top growth stocks in Canada, let alone the real estate industry. It’s gained over 1,100% in the last decade, showing just good management is.

The company’s main business model consists of buying older properties to renovate them inside and out, ultimately increasing the value substantially. This not only grows shareholder value, but it allows the company to charge higher rents on these improved units.

In just the last 10 years, revenues have grown by over 350%. This is a combination of higher rental rates and more acquisitions by the company.

The pandemic has somewhat delayed the top Canadian real estate stock’s growth in the short term. However, long term, nothing’s changed.

So, if you’re looking for an incredible residential real estate investment, InterRent is a top choice.

An attractive value stock

InterRent is a great choice for growth investors or those who want exposure to the residential real estate industry. If you’re looking for more a value stock to buy, consider First Capital REIT (TSX:FCR.UN).

First Capital owns a high-quality portfolio of mixed-use real estate. Its residential real estate has been understandably resilient. It’s the retail real estate that’s been most impacted, which has caused First Capital to trade at a significant discount.

These are only short-term issues, though. First Capital still owns one of the highest-quality portfolios of real estate assets in Canada.

So, over the next few years, as the economy fully rebounds, you can expect the stock to make a full recovery, rewarding long-term investors willing to take a position today.

The stock has already begun its recovery, though. So, I wouldn’t wait too long to take a position, or you could miss out on the recovery altogether.

Industrial real estate stock

Lastly, one of the top real estate stocks to buy for the long term is Granite REIT (TSX:GRT.UN). Granite is a rapidly growing industrial REIT.

Industrial real estate stocks offer investors incredible long-term growth potential, especially with the growth in e-commerce. This makes Granite a great hedge if you own other retail real estate stocks.

As companies decide to go online only, the need for warehouse space is rising rapidly. In the past, brick-and-mortar stores could hold much of these companies’ inventory. Today, though, more companies are needing warehouses to store their inventory.

This is resulting in stocks like Granite seeing massive increases in business. In just the last three years, the REIT has gained roughly 80%. And as it continues to make new acquisitions and expand its operations, its potential only continues to grow.

So, if you’re looking for a high-quality growth investment, Granite is one of the top real estate stocks you can buy today.

In addition to these three incredible real estate stocks, check out the TOP 10 STOCKS TO BUY IN MARCH!

The 10 Best Stocks to Buy This Month

Renowned Canadian investor Iain Butler just named 10 stocks for Canadians to buy TODAY. So if you’re tired of reading about other people getting rich in the stock market, this might be a good day for you.
Because Motley Fool Canada is offering a full 65% off the list price of their top stock-picking service, plus a complete membership fee back guarantee on what you pay for the service. Simply click here to discover how you can take advantage of this.

Click Here to Learn More Today!


Fool contributor Daniel Da Costa owns shares of INTERRENT REAL ESTATE INVESTMENT TRUST. The Motley Fool recommends GRANITE REAL ESTATE INVESTMENT TRUST.

Let’s block ads! (Why?)

728x90x4

Source link

Continue Reading

Real eState

Waterdown home listed for $2M offers 'rural-style living' – Hamilton Spectator

Published

 on


/* OOVVUU Targeting */
const path = ‘/business/real-estate’;
const siteName = ‘thespec.com’;
let domain = ‘thestar.com’;
if (siteName === ‘thestar.com’)
domain = ‘thestar.com’;
else if (siteName === ‘niagarafallsreview.ca’)
domain = ‘niagara_falls_review’;
else if (siteName === ‘stcatharinesstandard.ca’)
domain = ‘st_catharines_standard’;
else if (siteName === ‘thepeterboroughexaminer.com’)
domain = ‘the_peterborough_examiner’;
else if (siteName === ‘therecord.com’)
domain = ‘the_record’;
else if (siteName === ‘thespec.com’)
domain = ‘the_spec’;
else if (siteName === ‘wellandtribune.ca’)
domain = ‘welland_tribune’;
else if (siteName === ‘bramptonguardian.com’)
domain = ‘brampton_guardian’;
else if (siteName === ‘caledonenterprise.com’)
domain = ‘caledon_enterprise’;
else if (siteName === ‘cambridgetimes.ca’)
domain = ‘cambridge_times’;
else if (siteName === ‘durhamregion.com’)
domain = ‘durham_region’;
else if (siteName === ‘guelphmercury.com’)
domain = ‘guelph_mercury’;
else if (siteName === ‘insidehalton.com’)
domain = ‘inside_halton’;
else if (siteName === ‘insideottawavalley.com’)
domain = ‘inside_ottawa_valley’;
else if (siteName === ‘mississauga.com’)
domain = ‘mississauga’;
else if (siteName === ‘muskokaregion.com’)
domain = ‘muskoka_region’;
else if (siteName === ‘newhamburgindependent.ca’)
domain = ‘new_hamburg_independent’;
else if (siteName === ‘niagarathisweek.com’)
domain = ‘niagara_this_week’;
else if (siteName === ‘northbaynipissing.com’)
domain = ‘north_bay_nipissing’;
else if (siteName === ‘northumberlandnews.com’)
domain = ‘northumberland_news’;
else if (siteName === ‘orangeville.com’)
domain = ‘orangeville’;
else if (siteName === ‘ourwindsor.ca’)
domain = ‘our_windsor’;
else if (siteName === ‘parrysound.com’)
domain = ‘parrysound’;
else if (siteName === ‘simcoe.com’)
domain = ‘simcoe’;
else if (siteName === ‘theifp.ca’)
domain = ‘the_ifp’;
else if (siteName === ‘waterloochronicle.ca’)
domain = ‘waterloo_chronicle’;
else if (siteName === ‘yorkregion.com’)
domain = ‘york_region’;

let sectionTag = ”;
try
if (domain === ‘thestar.com’ && path.indexOf(‘wires/’) = 0)
sectionTag = ‘/business’;
else if (path.indexOf(‘/autos’) >= 0)
sectionTag = ‘/autos’;
else if (path.indexOf(‘/entertainment’) >= 0)
sectionTag = ‘/entertainment’;
else if (path.indexOf(‘/life’) >= 0)
sectionTag = ‘/life’;
else if (path.indexOf(‘/news’) >= 0)
sectionTag = ‘/news’;
else if (path.indexOf(‘/politics’) >= 0)
sectionTag = ‘/politics’;
else if (path.indexOf(‘/sports’) >= 0)
sectionTag = ‘/sports’;
else if (path.indexOf(‘/opinion’) >= 0)
sectionTag = ‘/opinion’;

} catch (ex)
const descriptionUrl = ‘window.location.href’;
const vid = ‘mediainfo.reference_id’;
const cmsId = ‘2665777’;
let url = `https://pubads.g.doubleclick.net/gampad/ads?iu=/58580620/$domain/video/oovvuu$sectionTag&description_url=$descriptionUrl&vid=$vid&cmsid=$cmsId&tfcd=0&npa=0&sz=640×480&ad_rule=0&gdfp_req=1&output=vast&unviewed_position_start=1&env=vp&impl=s&correlator=`;
url = url.split(‘ ‘).join(”);
window.oovvuuReplacementAdServerURL = url;

300x250x1

#HamOntHouseHunt is a regular feature looking at houses for sale in the Hamilton area market. Have a tip? Email us at fhewitt@torstar.ca.

Price $1,999,900



Barn

The fully functional barn located on the property of 694 Centre Rd. in Waterdown.




ARTICLE CONTINUES BELOW



Kitchen

The kitchen of 694 Centre Rd. in Waterdown.






Primary Suite

The primary bedroom of 694 Centre Rd. in Waterdown.




ARTICLE CONTINUES BELOW



Deck

The back deck of 694 Centre Rd. in Waterdown.




Adblock test (Why?)

728x90x4

Source link

Continue Reading

Real eState

Former HGTV star slapped with $10 million fine and jail time for real estate fraud – Fortune

Published

 on


Back when mortgage rates and home prices were more reasonable and manageable, homeowners invested in fixer-upper properties and made them their own. Now these types of projects aren’t as popular. But in the early-to-mid-2010s, HGTV shows including Fixer Upper, Love It or List It, and Flip It to Win It were all the rage as viewers binge-watched dilapidated homes transform into dream properties.

But as it turns out, one former HGTV star’s house-flipping show was masking major real estate fraud. On Tuesday, Charles “Todd” Hill, was sentenced to four years in jail and ordered to pay back nearly $10 million to his victims following his conviction. Los Gatos, Calif.–based Hill, 58, was the star of HGTV show Flip It to Win It, which aired in 2013 and featured Hill and his team purchasing dilapidated homes and fixing them up. Hill then sold them for a profit.

“Some see the huge amount of money in Silicon Valley real estate as a business opportunity,” Santa Clara County District Attorney Jeff Rosen said in a statement. “Others, unfortunately, see it as a criminal opportunity—and we will hold those people strictly accountable.”

300x250x1

What did Hill do?

According to the indictment shared with Fortune, the accusations against Hill happened between 2012 and 2014, around the time his show (which lasted just one season) began. The indictment shows 10 counts of grand theft of personal property exceeding $950,000; three counts of embezzlement; and one count of diversion of construction funds. Hill could not be reached by Fortune to comment on the indictment, conviction, or sentencing.

Hill was convicted last year of the multiple fraud schemes, including scams that happened before his show aired. This included a Ponzi scheme with evidence showing that Hill had spent laundered money on a rented apartment in San Francisco, hotels, vacations, and luxury cars, according to a press release from the Santa Clara County District Attorney’s Office. HGTV did not respond to requests for comment from Fortune ahead of publication.

“To hide the theft, he created false balance sheets and got loans using fraudulent information,” according to the district attorney’s office. In another case, Hill diverted construction money for personal use. But one of the strangest accounts came from an investor who had poured $250,000 into a property he wanted Hill to remodel. 

Instead, during a tour of the home, the investor “found it to be a burnt-down shell with no work done on it.”

After the district attorney’s investigation, Hill was indicted in November 2019 and in September 2023 admitted his guilt and was convicted by plea of grand theft against all of his victims. He’ll have to pay restitution of more than $9.4 million and serve 10 years on probation.

Victims who spoke at Tuesday’s hearing said they’re still reeling from the financial and professional damages from the fraud, according to the district attorney’s office.

Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Real eState

Botched home sale costs Winnipeg man his right to sell real estate in Manitoba – CBC.ca

Published

 on


A Winnipeg man’s registration as a real estate salesman has been cancelled after a family vacated their home on a tight deadline for a sale that never went through, then changed brokerages and, months later, got $60,000 less for their house than what they expected when they moved out.

A Manitoba Securities Commission panel found Reginald Wayne Kehler engaged in professional misconduct and conduct unbecoming a registrant when he signed a document on behalf of sellers without their knowledge, reduced the listing price of a home without their approval, and didn’t tell them for nearly a month that a potential buyer hadn’t paid a promised $100,000 deposit.

The sellers, identified as D.R. and P.R. in the panel decision released Wednesday, were awarded $10,394 from the real estate reimbursement fund. Kehler was ordered to pay $12,075 to cover costs of the investigation and hearing.

300x250x1

The sellers were a military family who had to move in 2020 after the husband was posted to Ottawa.

They chose Kehler as their listing agent, because he had helped them find the home when they moved to Winnipeg in 2018, and they had a good relationship with him, the panel’s decision says.

They  listed their house in May and on June 15, 2020, accepted an offer of $570,000 with possession on July 15. A deposit of $100,000 was to be paid within 72 hours of acceptance of the offer.

Kehler was the salesperson for both the buyer and the sellers — but the sellers say he never told them that.

A form that indicated the sellers knew he was also representing the buyer, dated June 15, 2020, was filed.

While it appeared to be signed with the sellers’ names, they said they didn’t see it until March 2021. One of the two wasn’t even in Winnipeg on June 15.

“Kehler, in his interview with commission staff, acknowledges that the sellers never signed this document — we note that the purported signatures on the form look nothing like the actual signatures of the sellers on other documents,” the decision says.

Kehler told commission staff he’d been authorized to sign on the sellers’ behalf, which they denied. The panel found them more believable.

Once the deal was made, the sellers, believing they had just a month before the buyer would take possession of their home, quickly packed up and prepared to move with their two young children.

Buyer never made deposit

Meanwhile, the buyer hadn’t made the $100,000 deposit before the deadline — but Kehler didn’t tell the sellers.

Kehler told commission staff that was because he thought the deposit was still coming, and he didn’t want to cause more stress for the sellers.

On July 10, just five days before the buyer was to take possession and the day before the family was leaving Winnipeg, the sellers spoke to Kehler — but he still didn’t tell them the deposit hadn’t been paid.

Kehler “said everything was fine,” according to the decision.

It wasn’t until the evening of July 13, when the family arrived in Toronto on their way to Ottawa and just 36 hours before the scheduled closing, that Kehler told them he’d never received the deposit.

Eventually, they received $4,000 of the deposit, but the sale of the house never closed. The sellers scrambled to extend the insurance on their old home and make sure they continued to pay the utility bills, the decision says.

Home relisted

Kehler then recommended they relist the home, and it went back on the market at $574,900.

On Aug. 10, 2020, Kehler recommended the price be reduced to $569,900. Instead, the seller said he should reduce the price to $567,900.

But when the seller looked at the online listing on Aug. 22, it was listed at $564,900.

The sellers also asked Kehler about maintaining the property, since they were no longer in Winnipeg. He agreed he would, but friends ended up going and mowing the lawn, the decision says.

The sellers asked Kehler and his brokerage about what could be done to “make things right,” the decision says, but they never received any responses.

On Sept. 5, they hired a new brokerage to sell the home. Under the new real estate salesman, they accepted an offer on Dec. 13, and closed the deal Jan. 2, 2021, receiving $507,500 for the home.

Kehler’s actions were “contrary to the best interests of the public” and undermined “public confidence in the real estate industry,” the decision says.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Trending